This post was originally published on this site
However, DKNG’s shares have declined 14.3% in price over the past month and 21% over the past three months to close yesterday’s trading session at $41.08.
In addition, the stock has retreated 12.5% since the company reported its third-quarter earnings on November 5. The company’s losses increased significantly in the quarter, and it continues to face stiff competition from players such as Caesars (NASDAQ:CZR) Entertainment, Inc. (CZR), MGM Resorts International (NYSE:MGM), and Penn National Gaming, Inc. (NASDAQ:PENN). Furthermore, hedge fund’s interest in the stock has declined lately. So, DKNG’s near-term prospects look bleak.
